Registered Representative Salary

Registered Representatives in the United States earn $44K per year on average across the nation, but highly experienced workers receive a significantly higher median of $70K. Although individuals who have less than five years' experience earn $43K on average, people with five to 10 years benefit from a notably larger average of $53K. Registered Representatives with one to two decades of relevant experience report an average salary of approximately $60K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $70K on average. Respondents to the PayScale salary survey provided the data for this report.

$29,054 - $61,435
$29K
$44K
$61K
MEDIAN: $43,772
10%
50%
90%

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$11.95 - $25.41
$12
$19
$25
MEDIAN: $18.95
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$29,054 - $61,435  
   
Bonus
$1,030 - $14,681  
Profit Sharing
$3,750  
Commission
$-0.50 - $10,161  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,564 - $66,426  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 63
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$11.95 - $25.41  
   
Overtime
$30.74  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$1,030 - $14,681  
   
Commission
$-0.50 - $10,161  
Profit Sharing
$3,750  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,564 - $66,426  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 29

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United States (change)

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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Popular Employer Salaries for Registered Representative


Salaries are easily beat at Charles Schwab & Co., Inc., where median pay comes to just $42K, the lowest in the field. What's more, with base pay starting at $37K and ending at $62K, range in salary is rather small.

Pay by Experience Level for Registered Representative

Pay by Experience for a Registered Representative has a positive trend. An entry-level Registered Representative with less than 5 years of experience can expect to earn an average total compensation of $43,000 based on 65 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Registered Representative with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 17 salaries. An experienced Registered Representative which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 13 salaries. A Registered Representative with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 5 salaries.

Related Job Salaries

Key Stats for Registered Representative

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
Less than 1 year
2%
1-4 years
64%
5-9 years
16%
10-19 years
13%
20 years or more
4%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Registered Representative Salaries

Late-Career
▲55%

Experienced
▲33%

Mid-Career
▲17%

National Average
$45,000

Entry-Level
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
2%
1-4 years
64%
5-9 years
16%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 63%
vision benefits
Vision: 54%
no benefits
None: 21%
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